- FLOKI and TokenFi have gained massively.
- Both tokens registered over 30% gains in the last 24 hours.
- The surge coincided with an important announcement.
FLOKI and TokenFi have emerged among the top gainers in the crypto market today following a big sports partnership announcement by the Floki team.
In a statement dated March 21, the Floki team said FLOKI and TokenFi had formed a strategic partnership to become the official crypto partner for “one of the largest” World Table Tennis Champions events in Incheon, South Korea.
FLOKI and TokenFi Win Sports Partnership Deal
The announcement said the partnership is part of Floki’s calculated move to tap into South Korea’s burgeoning crypto landscape via tennis, one of the country’s top sports. The tournament will feature over 580 hours of broadcast, reaching an audience of almost half a billion people globally.
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“Floki has already built a pretty strong community through sports, with millions of interactions from past sponsorships. Combine that with the half a billion table tennis fans around the world, and you can see how this partnership is a big deal,” the statement read.
Per the statement, such collaborations have always “catapulted Floki to new heights of global brand recognition and engagement.” This was evident by the market’s response to the news.
Following the announcement, FLOKI gained nearly 30% to trade at $0.000229, while TokenFi printed massive gains of 40.4% to trade at $0.1021, CoinMarketCap data shows. As of press time, FLOKI and TokenFi had a market capitalization of $2.19 billion and $102,527,326, respectively.
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